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First time buyers could miss o...

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First time buyers could miss out on new supports on budget day.

Jonathan Duane
Jonathan Duane

09:23 29 Sep 2023


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The government's being urged not to introduce any new supports for first-time-buyers on budget day.

The latest property market report from Daft.ie shows prices rose by almost 4 per cent in the past year.

The biggest increases were seen outside of the main cities, with yearly rises of 4 per cent in Leinster, almost 6 per cent in Munster and just over 8 per cent in Connacht-Ulster.

In Dublin the increase was just over 1 per cent.

Economist and author of the Daft report Ronan Lyons  says the market is stabilising, and any changes now could threaten that.

'Overall across the country the slowing down of house price inflation but it is still house price inflation, prices are going up just slower than they were say one or two years ago and within that the covid pattern of strong increases in more rural markets and smaller increases in urban markets, that's still what we're seeing today.'

 


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